Category: Earnings

Godrej Properties raised Rs 1,160 crore through NCDs on a private placement basis. The company expects 14% growth in sale bookings this fiscal to a record Rs 14,000 crore on strong housing demand. On the operational front, sales bookings declined 11% to Rs 2,254 crore in the quarter, but the company delivered 4.9 million square feet area.

The BSE Metal Index surged 10% in August on expectations of rising demand in domestic markets and China relief measures. However, some analysts are cautious about the outlook for metal prices, citing the possibility of a recessionary environment in developed countries and a weakened Chinese economy.

Citibank India's profit after tax jumped 26% to Rs 4,700 crore in FY23, excluding a one-time gain from the sale of the consumer banking business to Axis Bank. The lender's NIM and asset quality improved. Citibank India held a 4.1% market share in electronic fund transfers and 8% share of merchandise and software services trade flows.

The BSE's net profit jumped 11x to Rs 440 crore in Q1 FY24, driven by the sale of its stake in CDSL for Rs 340 crore and growth in core businesses.